Date of Print-out: 13-12-03 4:40 p.m Design / CD Clearance Job Detail: Insight December 2003 CD Deadline: 15-12-93 AE Wr DADe AD CJ HJ Date of Print-out: 16-12-03 01:30 p.m Version: 11 Path: a4/Brigade-03/Insight-Dec03/pages/page1.cdr BRIGADE GROUP For a better quality of life BRIGADE INSIGHT The Newsletter of the Brigade Group An ISO 9001-2000 Property Developer Vol. 7 No. 3 Released in mid-December ’03 Two luxury apartment projects completed Brigade Group patriarch’s centenary celebrated in a unique way Brigade Legacy—our exclusive twelve- The late Shri M.L. Ramachandra Setty (1903- apartment luxury project on Stephen’s his memory in a meaningful way: with three low- Road, Fraser Town—has been 1998), patriarch of the Brigade Group, was a key functions that related to areas in which he completed. Just one 4-bedroom man of high ideals. A highly respected coffee would have been happy to see us involved. penthouse, with its own private terrace planter and trader, with roots deep in the soil • The first was the Bhoomi Pooja of a project garden, is available. of Chikmagalur, he believed in simple living, that bears his name: the MLR Convention Brigade Jacaranda, off 100 ft Road, integrity in business practices and Centre at Brigade Millennium. Indiranagar, with twelve 3- and 4- bedroom luxury apartments has been philanthropy. This was his legacy, which serves • The second was the inauguration of Brigade- completed and fully booked. as an inspiration to all of us at Brigade Group. CTVTI at Brigade Millennium. So when it came to marking his centenary, • And finally, the first of a three-day Management Three new projects which fell on 13 November, we chose to honour Development Programme at Hotel Atria. More on page 4 Trianz Consulting comes ...and Essilor comes to Brigade Plaza to Hulkul-Brigade Centre... Essilor, a world leader in Trianz Consulting’s office will be moving to a 17,000 sft opthalmic optical products, will space in Hulkul-Brigade Centre, Lavelle Road. Trianz shortly be moving into their offers clients management consulting, systems 20,000 sft new office at Brigade The Bhoomi Pooja of Brigade Hallmark —our new residential project in Richards integration, outsourcing and offshore solutions. Plaza, Ananda Rao Circle. Town—was performed on 17 October. A luxury 3- and 4-bed apartments project, Brigade Hallmark is set in a charming tree-filled neighbourhood close to Brigade awarded certificate from IFMA Brigade TechPark in Whitefield Richards Park. The Indian chapter Our new project—Brigade of International TechPark, Whitefield—is Facility Management ideal for software, BPO and Association (IFMA), biotech facilities. There are awarded a certificate ready-to-occupy and built- of recognition to the to-suit options available. Its Brigade Group for two blocks cover 400,000 Another apartment project—Brigade being amongst the sft. The Bhoomi Pooja of Brigade TechPark was Coronet—had its Bhoomi Pooja on 23 best service providers performed on 2 November, and construction of Block ‘B’ October. Situated on Palace Road, this project features 3- and 4-bed designer in the industry. This has already begun. apartments. The ground+8 floors was based on a recognition-of-excellence survey carried building features a roof-top swimming out by Ernst & Young for IFMA in November. pool and gym. Mr Deepak Parekh visits Brigade Classic Brigade-PSBB School Brigade Group had the privilege of Classes will start from June 2004 receiving the doyen of the Indian Housing Finance industry, Mr Deepak Admissions to the Brigade-PSBB School, for the academic Parekh, Chairman, HDFC. In the year 2004-2005, started in early December. Classes will photograph, Mr R.V.S. Rao, Executive commence from June 2004. The school is a collaboration Director, HDFC, looks on as Mr Jaishankar welcomes Mr Brigade South Parade: Our new project between Brigade Foundation and Padma Seshadri Bala Parekh at Brigade Classic, Armugam Circle, Basavanagudi, is designed for corporate / zonal offices, Bhavan Schools of Chennai. Contd on page 5 for an interactive meeting. software development and BPO facilities. Situated on M.G. Road, adjacent to Oberoi Hotel, an ideal business locality, Brigade South Parade covers 110,000 sft. The construction of this three-storey he building is underway. The project is wis s fo slated for completion in early 2004. t r es a b Inside... Season's Happy from all of us at Inside Brigade 2 & 3 & Happenings at Brigade Millennium 4 Greetings BRIGADE Brigade-PSBB School 5 GROUP Bangalore news 6 Home Loans 7 Eating habits of the rich and famous 8 www.brigadegroup.com Date of Print-out: 13-12-03 6:00 pm Design / CD Clearance Job Detail: Insight December 2003 CD Deadline: 15-12-93 AE Wr DADe AD CJ HJ Date of Print-out: 16-12-03 01:30 p.m Version: 10 Path: a4/Brigade-03/Insight-Dec03/pages 2 BRIGADE INSIGHT A f e w t h o u g h t s . Vol. 7 No. 3 Released in mid-December ’03 Editor’s Note INDIA, as we Indians believe, is on a roll. After a infrastructure. The only way to avoid large-scale long gap, the manufacturing sector has started migration is to create economic opportunities in Growth, expansion and diversification make it looking up and there is all-round activity, all the district and taluk headquarters. more apparent than ever that time is always at a creating an abundance of new jobs. The premium and there will never be enough hours in continuing progress in the services THE KARNATAKA Government’s initiative to a day. In other words: we’ve been exceedingly sector—particularly IT and BPO—is most reduce stamp duty and registration charges on busy! welcome. However, it is important that this properties from 14% to 9% has yielded progress is reflected in all sectors. increased revenues. This should augur well and New projects, new clients The new year should bring cheer to most! one hopes that in the forthcoming state budget, As this issue of Insight will show, we’ve With the country’s forex reserves edging up to the combined stamp duties and registration several new projects—commercial and the US $ 100 billion mark (a far cry from the charges are brought down to an acceptable residential—coming up in Bangalore and Mysore. 1 billion in 1991), India will join the exclusive 4%-5%, as being recommended by the Finance Existing projects are in various stages of creation club, where China is sitting right on top. China, Ministry at the centre for years. and completion. With an expanding customer with its uninterrupted 7%-8% growth in GDP and client base, our calendar will be going out to a great many more people this year! year after year from 1980, has shown to the BRIGADE GROUP’S limited foray into two new world what good economic policies can do to a areas—hospitality (Woodrose Club and Brigade Foundation becomes an operating country’s progress. It is very conceivable that HomeStead Serviced Apts), and education reality India can not only match, but better China in (Brigade-PSBB School and Brigade-CTVTI)— We set up the Brigade Foundation (a the years ahead. For the first time since offers both a challenge and some measure of charitable, non-profit trust) several months ago. independence, our political parties are satisfaction. Projects initiated by the Foundation are now beginning to realise that elections can be won becoming satisfyingly concrete. The Brigade- based on sound economic policies, rather than I EXTEND warm greetings of the season and CTVTI has held its first courses; the Brigade-PSBB on caste and religious considerations. wishes for a very happy and prosperous 2004 to School started issuing applications for the Brigade family of customers, staff, associates admissions…our focus is more definite and our THOUGH the increased economic activity and friends. progress more measurable. This issue of Insight happening in Bangalore is good for its citizens, I covers some of the Foundation’s activities. Future feel it is leading to a big migration from other issues will keep you updated on its present parts of the country and from the rural areas of initiatives and expanding operations. —M.R. Jaishankar Karnataka, creating pressure on the city’s MANAGING DIRECTOR, BRIGADE GROUP And we celebrate turning 17! In the midst of tight schedules and deadlines, we managed to find time to celebrate a very special occasion: our 17th anniversary. On 10 Exhibitions and Brigade October 2003, the entire Brigade Group team The Brigade Property Show was held in Chennai, Brigade Millennium and Brigade Gardenia. took a day off to unwind, relax and share songs, on 8 and 9 November, at Regal Hall, Residency The Reality exhibition, organised by KOAPA games and stories of the past and present. Towers. Our (Karnataka Ownership Apartment Promoters area of focus Association) was held on 27 and 28 September All this and more, in greater detail, is covered in this issue. As always, we look forward to your was residential at Palace Grounds, soon after the Grand feedback. p r o j e c t s , Gardenia Gala. Brigade Group’s stall—bright, mainly our cheerful and elegant—drew an excellent two enclaves, response. Tandem’s one-stop customer service centre at Brigade Plaza Tandem Allied Services, an associate of Brigade Group, also take care of residential and commercial property needs. inaugurated their office at Brigade Plaza on 10 November. Tandem’s Home Loan Division has tied up with ICICI Bank for Tandem allows us to become a one-stop property home loans, personal loans and car loans; with New India management services provider.